'Net Features : alibaba grouphttp://www.websitemagazine.com/content/blogs/posts/archive/tags/alibaba+group/default.aspxTags: alibaba groupenCommunityServer 2008 SP2 (Build: 31104.93)A New Chinese E-Commerce Powerhouse?http://www.websitemagazine.com/content/blogs/posts/archive/2015/01/05/a-new-chinese-e-commerce-powerhouse.aspxMon, 05 Jan 2015 16:50:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:39886Amberly Dressler0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=39886http://www.websitemagazine.com/content/blogs/posts/archive/2015/01/05/a-new-chinese-e-commerce-powerhouse.aspx#comments<hr />
<p>When a newly established e-commerce company raises hundreds of millions of dollars in its short existence, Internet retailers should pay attention.</p>
<p>On Dec. 29, two Internet investment funds offered <a href="http://www.prnewswire.co.uk/news-releases/investment-in-wanda-e-commerce-by-two-strategic-internet-investment-funds-287477111.html" target="_blank">1 billion yuan</a> ($161 million) for a 5 percent stake in Wanda E-commerce, quadrupling the value of the 4 month-old business to 20 billion yuan ($3.22 billion).</p>
<p>For the unfamiliar, Dalian Wanda Group Co Ltd is China&#39;s largest commercial property company, operating luxury hotels, department stores and more. Wanda Group&#39;s e-commerce move is expected to rival the Alibaba Group, which leads Internet-based sales in China. </p>
<p>Both Wanda and Alibaba have a long road in front of them, however, when it comes to gaining the trust of American consumers. Alibaba not only has low brand recognition among U.S. shoppers, but it also faces Americans&#39; concerns over <a href="http://www.websitemagazine.com/content/blogs/posts/archive/2014/10/17/americans-not-sold-on-alibaba.aspx" target="_blank">long delivery windows, security and more</a>.</p>
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<hr /><div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=39886" width="1" height="1">alibaba groupwm-ecommerceWanda GroupAlibaba Announces New U.S. E-Commerce Platform Before Going Publichttp://www.websitemagazine.com/content/blogs/posts/archive/2014/07/07/alibaba-announces-new-us-e-commerce-platform-before-going-public.aspxMon, 07 Jul 2014 15:40:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:35066DerekS0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=35066http://www.websitemagazine.com/content/blogs/posts/archive/2014/07/07/alibaba-announces-new-us-e-commerce-platform-before-going-public.aspx#comments<hr />
<p><strong>Creating waves in today&rsquo;s global marketplace is a challenge in itself.</strong></p>
<p>However, for one <a target="_blank" title="Website Magazine&#39;s E-commerce Blog" href="http://www.websitemagazine.com/content/blogs/ecommerce/default.aspx">e-commerce</a> company waves are simply not big enough. They are aiming to create a global hurricane, and it&rsquo;s quickly approaching landfall.
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<p>Chinese e-commerce giant <a target="_blank" title="Alibaba Group Home Page" href="http://www.alibabagroup.com/en/global/home">Alibaba Group</a> has announced the release of an invitation only e-commerce platform called <a target="_blank" title="11 Main Home Page" href="https://11main.com/preview">11 Main</a> in the United States. The release of the new marketplace comes just before Alibaba is expected to make its Initial Public Offering (IPO) on the New York Stock Exchange in <a target="_blank" title="Forbes Alibaba IPO Article" href="http://www.forbes.com/sites/steveschaefer/2014/07/03/sparkling-ipo-market-ready-for-alibabas-debut-but-skeptics-remain/">early August</a> where it&rsquo;s expected to be valued at <a target="_blank" title="Bloomberg Alibaba Average Valuation Article" href="http://www.bloomberg.com/news/2014-02-05/alibaba-s-average-valuation-rises-to-153-billion-after-earnings.html">$153 billion</a>.
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<p>11 Main is an invitation only marketplace meaning that in order to shop or become a merchant on the platform you must apply to become approved first. Vendio Services and Auctiva, U.S. subsidiaries of Alibaba, launched the new platform run by Mike Effle. 11 Main is the latest overseas venture by Alibaba and joins the e-commerce company&rsquo;s other foreign platforms onetouch.cn, aliexpress and tmall.hk.
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<p>&ldquo;At 11 Main, we&rsquo;re passionate about the shops we invite and helping them grow,&rdquo; Mike Effle, president and general manager of 11 Main&nbsp;<span>previously stated</span><span>. &ldquo;We&rsquo;re constantly introducing new shop owners who represent the diversity of Main Street and featuring their new, amazing products in a beautifully designed experience.&rdquo;</span></p>
<p>Companies already on 11 Main&#39;s marketplace are Sole Bicycles, Jewelry Lady, TAY Skin Care and Aegis Handcraft.</p>
<p><a target="_blank" title="11 Main Home Page" href="https://11main.com/preview"><img height="361" width="450" src="http://www.websitemagazine.com/images/blog/11_main.jpg" style="margin:5px;" alt="" /></a></p>
<div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=35066" width="1" height="1">Auctivaalibaba groupwm-ecommerceVendio ServicesAegis HandcraftTAY Skin CareJewelry LadyMike EffleSole Bicycles11 MainSpredfast Nabs Cool $32.5M http://www.websitemagazine.com/content/blogs/posts/archive/2014/01/03/funding-helps-co-spredfast.aspxFri, 03 Jan 2014 13:00:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:29990Amberly Dressler0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=29990http://www.websitemagazine.com/content/blogs/posts/archive/2014/01/03/funding-helps-co-spredfast.aspx#comments<hr />
<p>Spredfast&rsquo;s impact in the social sphere is spreading, well, fast.</p>
<p>Today, the social relationship platform provider announced it has raised $32.5 million in growth led by Lead Edge Capital, which has funded well-known software, e-commerce and Internet companies including Alibaba Group, Marketo, Bazaarvoice, Drillinginfo, Refinery29 and Monetate.</p>
<p>Spredfast has experienced incredible growth recently, including seeing their revenue triple year over year from 2012 to 2013. They have also started working with new enterprise social brands including General Mills and REI, and strengthened existing relationships with clients including Discover, AT&amp;T, Target, Rackspace and AARP.</p>
<p>With the funding, Spredfast looks to accomplish its aggressive growth plans through talent acquisition, product development and global expansion.&nbsp;</p>
<p>&ldquo;This is evolving into a huge market. Every enterprise in every industry can leverage social to grow their business. We are now in the next wave of social business, and we are succeeding because of our single mission,&rdquo; said Rod Favaron, CEO of Spredfast. &ldquo;Our customers rely on us to innovate and give them the tools they need to market and manage relationships on social with those who matter most, their customers. We are thrilled to have the support and confidence of our new and existing investors as we accelerate our growth.&rdquo;</p>
<div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=29990" width="1" height="1">marketobazaarvoicealibaba groupmonetateRod Favaronspredfastwm-sociallmediaDrillinginfoLead Edge CapitalRefinery29Yahoo Reaches Agreement on Alipay http://www.websitemagazine.com/content/blogs/posts/archive/2011/08/01/yahoo-reaches-agreement-on-alipay.aspxMon, 01 Aug 2011 01:00:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:17212Linc Wonham0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=17212http://www.websitemagazine.com/content/blogs/posts/archive/2011/08/01/yahoo-reaches-agreement-on-alipay.aspx#comments<hr />
<p><img src="http://www.websitemagazine.com/images/blog/yahoo-mini.png" style="float:left;margin:10px;" height="73" width="73" alt="" />Yahoo, Alibaba Group and SoftBank have reached an agreement in which Alibaba Group will continue to participate in Alipay&rsquo;s future financial performance, including a future IPO or other liquidity event.</p>
<p>The agreement is consistent with the two agreed-upon principles established at the outset of the negotiations: to structure the inter-company relationship between Alipay and Taobao in order to preserve the value within Taobao and, by extension, within Alibaba Group; and provide that Alibaba Group is appropriately compensated for the value of Alipay.</p>
<p><i><b>The agreement establishes the following:</b></i></p>
<p>&bull;&nbsp;&nbsp;&nbsp; The agreement preserves the existing relationship between Taobao and Alipay. Alipay will continue to provide payment processing services to Alibaba Group and its subsidiaries (including Taobao) on preferential terms.</p>
<p>&bull;&nbsp;&nbsp;&nbsp; Alibaba Group will license to Alipay certain intellectual property and technology and provide certain software technology services to Alipay and its subsidiaries. Alipay will pay to Alibaba Group, prior to a liquidity event, a royalty and software technology services fee, which consists of an expense reimbursement and a 49.9% share of the consolidated pre-tax income of Alipay and its subsidiaries.</p>
<p>&bull;&nbsp;&nbsp;&nbsp; Alibaba Group will receive no less than $2 billion and no more than $6 billion in proceeds from an IPO of Alipay or other liquidity event. The exact proceeds to Alibaba Group will be determined by multiplying the total equity value of Alipay by 37.5%, subject to the foregoing floor and ceiling amounts.</p>
<p>Alipay provides payment processing services to Alibaba Group and some affiliates, including Taobao, and to third parties. Taobao is China&#39;s largest online retail website.</p>
<p>Alibaba Group&rsquo;s principal shareholders include Yahoo!, SoftBank and Jack Ma and Joseph Tsai. In May, Alipay obtained a license to operate in China from the People&rsquo;s Bank of China following the restructuring of Alipay. The license will enable Alipay to continue serving Taobao and its other customers in China.</p>
<div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=17212" width="1" height="1">yahooalipayalibaba group